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Here Are America’s Top Ten Vacation Home Counties

Courtesy of ZeroHedge View original post here.

A new report from the National Association of Realtors said the housing market is “hot in vacation home counties than nonvacation home counties.” 

NAR’s 2021Vacation Home Counties Report examined more than 1,000 counties across the US using Multiple Listing Service data and found the top % vacation home counties in 2020. These counties are scattered across 16 states and met the criteria for being in the top 1%, including higher price, higher sales growth, and faster days on the market. 

“North Carolina had four vacation counties (Swain, Alleghany, Macon, Watauga); there were three each in New York (Greene, Sullivan, Hamilton), Vermont (Windham, Bennington, Windsor), Massachusetts (Dukes, Barnstable, Nantucket), and Michigan (Oscoda, Alcona, Clare); there were two each in Florida (Lee, Collier), Missouri (Hickory, Camden), Maryland (Garrett, Worcester). Oklahoma, Maine, Arizona, New Jersey, Georgia, New Mexico, Delaware, and Minnesota each had one vacation home county that landed in the top 1% list,” NAR said. 

“Vacation homes are a hot commodity at the moment,” said Lawrence Yun, NAR’s chief economist. “With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers.”

Much of the boom has been fueled by the pandemic, as city-dwellers panic left cities for rural areas with scenic views or natural wonders. Also, mortgage rates at record lows unleashed a flurry of buyers while these homes were in short supply. 

However, the monetary wizards at the Federal Reserve suggested last week that interest rate rises and tapering their massive balance sheet could occur sometime next year. This could derail not just the vacation home boom but the overall housing market.  

Federal Reserve Bank of Dallas Robert Kaplan played bad cop Monday morning as he suggested: “whether the housing market really needs the Fed’s support of $40 billion a month.” 


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